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Financials · WFCF

Where Food Comes From Inc. (WFCF) financials

For the twelve months ended Jun 30, 2026, Where Food Comes From Inc. reported $25.03M of revenue and $1.45M of net income.

Revenue, TTM
$25.03M
Revenue growth, YoY
-2.2%
Net income, TTM
$1.45M
Net income growth, YoY
-29.2%
Net margin
5.8%
Free cash flow, TTM
$1.01M
EPS, diluted, TTM
$0.28
EPS growth, YoY
-30.0%
Cash
$3.42M
P/E
52.69
P/S
3.05
Market cap
$76.3M
Annual revenue$24.89M
FY2016FY2025
Annual net income$1.54M
FY2016FY2025
Annual free cash flow$1.45M
FY2016FY2025

WFCF revenue and earnings growth

WFCF revenueQ2 2026$6.61M

Quarter YoY
+0.7%
QoQ
+23.2%
FY YoY
-3.3%
5Y CAGR
+4.4%
10Y CAGR
+9.1%

WFCF revenue was $6.61M in fiscal Q2 2026 (ended Jun 30, 2026), up 0.7% from a year earlier and up 23.2% from the prior quarter. For the full fiscal 2025 it was $24.89M, down 3.3% from fiscal 2024. Compound annual growth was +4.4% over 5 years and +9.1% over 10 years. It rose in 8 of the last 10 fiscal years.

WFCF net incomeQ2 2026$413.0K

Quarter YoY
-26.5%
QoQ
+348.9%
FY YoY
-27.5%
5Y CAGR
+2.1%
10Y CAGR
+11.1%

WFCF net income was $413.0K in fiscal Q2 2026 (ended Jun 30, 2026), down 26.5% from a year earlier and up 348.9% from the prior quarter. For the full fiscal 2025 it was $1.54M, down 27.5% from fiscal 2024. Compound annual growth was +2.1% over 5 years and +11.1% over 10 years. It rose in 5 of the last 10 fiscal years.

WFCF EPSQ2 2026$0.08

Quarter YoY
-27.3%
QoQ
+300.0%
FY YoY
-25.0%
5Y CAGR
+6.4%

WFCF diluted EPS was $0.08 in fiscal Q2 2026 (ended Jun 30, 2026), down 27.3% from a year earlier and up 300.0% from the prior quarter. For the full fiscal 2025 it was $0.30, down 25.0% from fiscal 2024. Compound annual growth was +6.4% over 5 years.

WFCF free cash flowQ2 2026$930.0K

Quarter YoY
-18.9%
QoQ
+148.0%
FY YoY
-43.5%
5Y CAGR
-6.1%
10Y CAGR
+5.7%

WFCF free cash flow was $930.0K in fiscal Q2 2026 (ended Jun 30, 2026), down 18.9% from a year earlier and up 148.0% from the prior quarter. For the full fiscal 2025 it was $1.45M, down 43.5% from fiscal 2024. Compound annual growth was -6.1% over 5 years and +5.7% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$24.89M$25.75M$25.14M$24.84M$21.93M$20.08M$20.77M$17.80M$15.45M$11.62M
Cost of revenue$15.38M$15.18M$14.61M$14.38M$12.20M$11.15M$11.70M$10.06M$8.63M$6.20M
Gross profit$9.51M$10.56M$10.52M$10.47M$9.74M$8.93M$9.08M$7.74M$6.82M$5.41M
Selling, general and admin$8.30M$8.36M$7.83M$7.82M$7.43M$7.24M$7.53M$6.87M$6.74M$4.78M
Operating income$1.21M$2.21M$2.70M$2.65M$2.30M$1.69M$1.55M$874.6K$82.2K$634.5K
Interest expense$3.0K$4.0K$5.0K$3.0K$6.0K$13.0K$10.0K$4.8K$1.6K$1.5K
Pre-tax income$2.23M$2.98M$3.06M$2.82M$3.62M$1.85M$1.48M$984.0K$95.2K$637.1K
Income tax$693.0K$859.0K$913.0K$822.0K$659.0K$462.0K$460.0K$309.0K$266.2K$235.5K
Net income$1.54M$2.12M$2.15M$1.99M$2.96M$1.39M$1.34M$800.7K$142.3K$433.2K
EPS, basic$0.30$0.40$0.39$0.34$0.49$0.23$0.22$0.03$0.01$0.02
EPS, diluted$0.30$0.40$0.39$0.33$0.48$0.22$0.22$0.03$0.01$0.02
Diluted shares5.2M5.3M5.5M6.0M6.2M6.2M6.3M25.0M24.8M24.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$3.20M$2.01M$2.64M$4.37M$5.41M$4.37M$2.64M$1.48M$2.71M$2.49M
Short-term investments------$258.0K$245.6K$743.2K$733.1K
Receivables$1.68M$1.83M$2.13M$2.17M$2.18M$2.51M$2.52M$2.21M$1.90M$1.34M
Inventory$792.0K$1.00M$1.11M$888.0K$767.0K-----
Current assets$6.28M$5.54M$6.21M$7.89M$8.68M$7.47M$5.86M$4.37M$5.59M$4.77M
Goodwill$2.95M$2.95M$2.95M$2.95M$2.95M$2.95M$2.95M$3.14M$2.65M$2.65M
Total assets$12.90M$15.31M$16.29M$18.30M$19.78M$19.45M$18.24M$14.46M$13.34M$12.88M
Current liabilities$3.08M$3.18M$2.98M$3.04M$3.00M$3.12M$2.74M$1.70M$1.88M$1.34M
Short-term debt-----$463.0K----
Long-term debt-----$572.0K----
Total debt-----$1.03M-$42.4K$51.9K-
Total liabilities$3.59M$5.37M$5.47M$5.82M$6.04M$6.98M$6.29M$2.25M$2.10M$1.57M
Shareholders' equity$9.30M$9.93M$10.82M$12.48M$13.75M$12.46M$11.95M$10.77M$9.67M$9.43M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$1.61M$2.73M$2.82M$2.65M$3.02M$2.45M$2.88M$1.15M$657.2K$986.1K
Capital expenditures$155.0K$159.0K$148.0K$89.0K$213.0K$464.0K$369.0K$366.7K$83.8K$445.8K
Free cash flow$1.45M$2.57M$2.67M$2.56M$2.81M$1.99M$2.51M$787.5K$573.5K$540.2K
Investing cash flow$1.68M-$159.0K-$648.0K-$267.0K-$3.0K-$730.0K-$1.11M-$1.97M-$242.8K-$1.72M
Financing cash flow-$2.10M-$3.20M-$3.90M-$3.43M-$1.98M$14.0K-$604.0K-$402.7K-$198.6K-$307.2K
Dividends paid----$914.0K-----
Share repurchases$2.17M$2.24M$3.96M$3.46M$1.10M$1.04M$555.0K$384.5K$199.6K$347.0K
Stock-based compensation$23.0K$34.0K$78.0K$154.0K$291.0K$121.0K$162.0K$161.1K$169.1K$121.9K
Depreciation and amortization$650.0K$647.0K$634.0K$765.0K$799.0K$997.0K$1.10M$942.4K$854.2K$267.6K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-3.3%2.4%1.2%13.3%9.2%-3.4%16.7%15.2%33.0%11.7%
Net income growth, YoY-27.5%-1.5%7.9%-32.7%113.8%3.0%68.0%462.7%-67.1%-18.9%
EPS growth, YoY-25.0%2.6%18.2%-31.2%118.2%0.0%-200.0%-50.0%0.0%
Gross margin38.2%41.0%41.9%42.1%44.4%44.5%43.7%43.5%44.2%46.6%
Operating margin4.8%8.6%10.7%10.7%10.5%8.4%7.5%4.9%0.5%5.5%
Net margin6.2%8.2%8.6%8.0%13.5%6.9%6.5%4.5%0.9%3.7%
Free cash flow margin5.8%10.0%10.6%10.3%12.8%9.9%12.1%4.4%3.7%4.7%
Return on equity16.5%21.3%19.9%16.0%21.5%11.1%11.3%7.4%1.5%4.6%
Return on assets11.9%13.9%13.2%10.9%15.0%7.1%7.4%5.5%1.1%3.4%
Current ratio2.031.742.092.602.902.392.142.572.973.55
Debt to equity-----0.08-0.000.01-

Source: XBRL data Where Food Comes From Inc. files with the SEC, latest filing dated Aug 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

WFCF peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
WFCF$25.03M-2.2%$1.45M5.8%$76.3M
MSFT$346.44B+17.9%$142.63B41.2%$3.94T
PLTR$7.29B+87.1%$3.67B50.3%$386.44B
ORCL$71.78B+21.6%$18.92B26.4%$351.04B
SAP€36.80B+7.7%€7.16B19.5%$286.79B
CRWD$5.40B+24.3%$58.46M1.1%$222.09B
SHOP$14.17B+32.5%$2.13B15.0%$191.58B
CRM$43.94B+11.2%$9.66B22.0%$175.83B
NOW$15.43B+21.8%$1.45B9.4%$105.84B

WFCF FAQ

9 questions
  • What is WFCF revenue?
    Where Food Comes From Inc. (WFCF) reported $25.03M of revenue for the twelve months ended Jun 30, 2026. That is down 2.2% from the year before. Revenue for fiscal 2025 was $24.89M.
  • Is WFCF profitable?
    Yes. Where Food Comes From Inc. earned $1.45M in net income for the twelve months ended Jun 30, 2026, a net margin of 5.8%.
  • How much cash and debt does WFCF have?
    Where Food Comes From Inc. reported $3.42M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is WFCF revenue growing?
    Where Food Comes From Inc.'s revenue changed -3.3% in fiscal 2025, to $24.89M. Its compound annual growth rate was +4.4% over 5 years and +9.1% over 10 years.
  • What is WFCF gross margin?
    Where Food Comes From Inc.'s gross profit was $9.58M on $25.03M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 38.3%.
  • What is WFCF free cash flow?
    Where Food Comes From Inc. generated $1.01M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $1.25M less capital expenditures.
  • What is WFCF earnings per share?
    Diluted earnings per share were $0.28 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did WFCF last report financial results?
    The latest statements here come from Where Food Comes From Inc.'s 10-Q filed on Aug 6, 2026, covering the period ended Jun 30, 2026.
  • Where does this WFCF financial data come from?
    Quantisnow builds these statements from the structured XBRL data Where Food Comes From Inc. files with the SEC. It is provided for information only and is not investment advice.